The euro may already be lost | The Huffington Posthttp://www.huffingtonpost.com/entry/58709915e4b0eb9e49bfbbab?timestamp=1483788664261 This entry has been co-written with Dr. Heikki Koskenkylä and Dr. Peter Nyberg. The 1st of January 2017 marked the 18th anniversary of the Eu…

Why Finland would be better off without the euro | Tuomas Malinenhttp://www.huffingtonpost.com/tuomas-malinen/why-finland-would-be-bett_b_8736632.htmlWhat is wrong with the economy of Finland? Several renowned international bloggers and journalists, including Jason Karaian, Ambrose Evans-Pritchard and Simon Nixon, have recently pondered on this iss

Finns Demand Referendum on Quitting Euro – WBP Onlinehttp://wbponline.com/articles/view/55774/finns-demand-referendum-on-quitting-euroThe EuroThinkTank of Finland, a group comprising mainly economists admits that its origin “rose from the disappointment of its members with the economic development of the euro zone” and says that a return to the markka could cost €20 billion, but would be worth the cost.

Finnish parliament will debate next year leaving euro zone | Reutershttp://www.reuters.com/article/2015/11/16/us-eurozone-finland-exit-idUSKCN0T518O20151116#2bgLt2BY5JE0hppL.97HELSINKI A recent report by EuroThinkTank of Finland, a group critical of the euro, put the one-off cost of returning to a floating markka currency at as much as 20 billion euros, but said the move would make sense in the longer run.

Members

Vesa Kanniainen

vesa.kanniainen [at] eurothinktank.fi
040-7502661
The founder and Chairman of the EuroThinkTank, Vesa Kanniainen, is Professor of Economics at the University of Helsinki. He studied at the London School of Economics and has been teaching as Visiting Assistant Professor at Brown University and at Washington State University.He has also given courses at the University of Uppsala, Munich and Hamburg. Most of his academic life, he has been working at the
University of Helsinki.

Tuomas Malinen

tuomas.malinen [at] eurothinktank.fi
040-1963909
PhD. (econ) Tuomas Malinen is the Vice Chairman of EuroThinkTank. He has studied economics in the University of Helsinki and in the New York University. Currently he works as a postdoctoral researcher at the Helsinki Center of Economic Research and he is also a Chief Economist of GnS Economics Ltd. His research interests include economic growth, economic crises and income inequality.

Peter Nyberg

peter.nyberg [at] eurothinktank.fi
040-5667660
Dr. Peter Nyberg, retired Director General Financial Services at the finance ministry and previous Advisor to the Board at the Bank of Finland. He has also worked at the IMF and with an inquiry into the causes of the banking crisis in Ireland.

Sami Miettinen

Stefan Törnqvist

stefan.tornqvist [at] eurothinktank.fi
040-5066427
M.Sc. (econ), M.Sc (tech) has been active in the financial industry for the last 25 years, as CEO and Founding Partner for Alandsbanken Asset Management. In Finland he is known as the domestic Dr Doom, but Stefan himself thinks that he has been a realist.

Heikki Koskenkylä

heikki.koskenkyla [at] eurothinktank.fi
Dr.Economics, consultant, former head of the Financial markets department at the Bank of Finland

Ilkka Mellin

ilkka.mellin [at] eurothinktank.fi
Lic.Pol.Sc. (Statistics), M.Sc. (math) is retired. Has taught statistics and mathematics at the University of Helsinki and at the Aalto University School of Science and has been active in several scientific organizations. Still active in statistical research and in instructing post graduate students.

Markus Kantor

Elina Berghäll

elina.berghall [at] eurothinktank.fi
MSc. (econ), civil servant engaged in economic research, with prior experience inter alia from the OECD, UNU/WIDER and the IMF. She possesses expertise in various topics ranging from capital flows to innovation economics.

Jukka Ala-Peijari

jukka.alapeijari [at] eurothinktank.fi
MSc (econ), CEO and consultant at the Euronomics Ltd. Previously economist, assistant professor and lecturer at the University of Tampere. Published several books on economics.

What is EuroThinkTank?

The EuroThinkTank of Finland, a working group representing economists,
experienced professionals in the financial system and a statistician,
was created for the purpose of assessing and understanding the causes of
the euro crisis and envisaging the future of the currency. The
think-tank arose from the disappointment of its members with the
economic development of the euro zone, the rhetoric nature of the policy
on the euro and the lack of diversified argumentation in the assessment
of the associated issues.

For the EuroThinkTank, a special interest was to examine the options
available for Finland, a small euro member. The results of this analysis
ware published as a book Future of the Euro - The Options for Finland
published in the 7th of May 2014.
The think-tank held that the foreseen political union, banking union and
fiscal union will push the euro zone towards a sort of practical federal
state, referred to as the 'weak federation' in its report. These
developments, however, are not based on a democratic process where the
citizens would be heard. The analysis also showed that the entire euro
zone has only two stable options that do not involve any internal
tensions regarding the further development of the system. They are
first, a strong federation consisting of the euro members, or second, a
return back to national currencies. The latter option would mean the
type of EU membership like Sweden and Poland have today. In addition,
each individual country then could determine her preferred level of
integration. If this happens, part of the euro zone may evolve into a
federation whose currency is not used by a group of member states
content with a lower level of integration.
The European central bank has recently announced of its new monetary
policy stance in terms of quantitative easing to strengthen its policy
lines introduced in 2014. Currently, the new political leadership in
Greece is challenging her existing contracts with the other member
states. The euro crisis is not over. Neither is the task of the
EuroThinkTank.